Cercano Management LLC grew its position in Walmart Inc. (NASDAQ:WMT – Free Report) by 408.8% during the fourth quarter, HoldingsChannel reports. The firm owned 69,379 shares of the retailer’s stock after buying an additional 55,744 shares during the quarter. Cercano Management LLC’s holdings in Walmart were worth $7,730,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of WMT. Fox Run Management L.L.C. bought a new position in shares of Walmart in the third quarter worth about $1,709,000. Van ECK Associates Corp lifted its position in shares of Walmart by 2.9% during the third quarter. Van ECK Associates Corp now owns 1,010,886 shares of the retailer’s stock worth $104,182,000 after purchasing an additional 28,026 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new stake in shares of Walmart during the fourth quarter valued at approximately $40,855,000. Tennessee Valley Asset Management Partners increased its holdings in shares of Walmart by 466.6% in the third quarter. Tennessee Valley Asset Management Partners now owns 13,343 shares of the retailer’s stock valued at $1,375,000 after purchasing an additional 10,988 shares in the last quarter. Finally, King Luther Capital Management Corp increased its holdings in shares of Walmart by 8.8% in the fourth quarter. King Luther Capital Management Corp now owns 1,415,423 shares of the retailer’s stock valued at $157,692,000 after purchasing an additional 113,952 shares in the last quarter. 26.76% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, CEO John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $124.08, for a total transaction of $1,628,550.00. Following the completion of the transaction, the chief executive officer directly owned 661,037 shares of the company’s stock, valued at $82,021,470.96. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher James Nicholas sold 2,900 shares of Walmart stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $123.92, for a total value of $359,368.00. Following the completion of the sale, the executive vice president directly owned 577,853 shares in the company, valued at approximately $71,607,543.76. This represents a 0.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 117,008 shares of company stock valued at $14,492,704. Corporate insiders own 0.09% of the company’s stock.
Walmart News Roundup
- Positive Sentiment: Walmart said its drones have now completed more than 1 million deliveries, highlighting momentum in its fast-growing delivery network and reinforcing its push to improve convenience and speed for shoppers. Walmart Marks Millionth Drone Drop-Off Amid Increased Delivery Focus
- Positive Sentiment: Walmart expanded 30-minute delivery to 33 U.S. markets, strengthening its competitive position in grocery, pharmacy, and everyday essentials as e-commerce demand continues to rise. Walmart’s 30-Minute Delivery Expansion Strengthens Its Retail Edge
- Positive Sentiment: Tigress Financial reportedly raised its price target on Walmart, citing AI investments gaining traction, which suggests some analysts still see upside from the company’s technology and automation efforts. Walmart (WMT) Gets Higher Price Target from Tigress Financial as AI Investments Gain Traction
- Neutral Sentiment: Walmart is expanding its private-brand selection with new hardware and home products, a move that could help it win value-conscious shoppers, but the near-term stock impact is likely modest. Walmart Expands Private Brand Selection as Shoppers Cut Back
- Neutral Sentiment: Recent insider stock sales by executives, including C. Douglas McMillon and Latriece Watkins, may draw attention, but these transactions are not necessarily a negative signal for the business itself. C Douglas Mcmillon Sells 19,416 Shares of Walmart (NASDAQ:WMT) Stock Latriece Watkins Sells 11,000 Shares of Walmart (NASDAQ:WMT) Stock
- Negative Sentiment: A report that Walmart capped employee AI usage could be seen as a short-term operational constraint, potentially limiting efficiency gains from an area investors view as a future growth driver. Update: Market Chatter: Walmart Limits Staff’s Usage of AI Tool After High Demand
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on WMT shares. Rothschild & Co Redburn set a $150.00 target price on Walmart in a research report on Tuesday, February 17th. Jefferies Financial Group set a $145.00 price objective on Walmart in a research report on Friday, February 20th. Craig Hallum set a $150.00 price objective on Walmart in a report on Friday, March 6th. DA Davidson set a $150.00 target price on shares of Walmart and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Walmart in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average price target of $138.85.
Walmart Stock Down 1.0%
Walmart stock opened at $114.60 on Tuesday. The company has a 50 day moving average of $125.98 and a 200-day moving average of $120.81. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Walmart Inc. has a twelve month low of $93.43 and a twelve month high of $135.15. The stock has a market capitalization of $913.48 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 4.32 and a beta of 0.60.
Walmart (NASDAQ:WMT – Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. The business had revenue of $177.75 billion for the quarter, compared to analyst estimates of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.61 earnings per share. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.89 EPS for the current fiscal year.
Walmart Company Profile
Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.
The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.
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